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"type": "speech",
"speaker_name": "Mr. Sambu",
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"speaker": {
"id": 137,
"legal_name": "Alfred B. Wekesa Sambu",
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"content": "The other resolutions were; coming up with an appropriate regulatory framework to rein in commercial banks to reduce the lending rates in line with international best practice and to narrow the gap between the lending and deposit rates, putting in place measures to ensure that the required level of import cover is maintained at the stipulated four months level at all times, so as to sustain adverse external shocks. Lastly, there was the resolution to reduce the leakage in Appropriation-in-Aid by turning them into revenue to improve efficiency and accountability."
}